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Gold Hunter Resources (HNTRF) has announced its 2025 exploration plans for the Great Northern Gold Project in Newfoundland, following a 40% oversubscribed financing round. The project spans a 40-kilometer strike length and includes multiple known resource areas with up to 18 gold mineralized trends.
The company plans an aggressive 20,000-metre drilling campaign focused on expanding known mineralized areas, leveraging historical data from a past-producing mine, and exploring current and historic resources. A VTEM airborne survey by Geotech will be conducted to refine high-priority targets.
Gold Hunter has recently achieved several milestones, including uplisting to the OTCQB Venture Market, securing DTC eligibility, and expanding its global marketing initiatives. The company has appointed multiple investor relations and marketing firms to enhance market awareness, with combined marketing expenditures exceeding $250,000 for various term lengths.
Gold Hunter Resources (CSE: HUNT) (OTCQB: HNTRF) (FSE: 6RH) has announced two significant developments to enhance its market accessibility:
1. The company has successfully uplisted to the OTCQB® Venture Market in the United States, trading under the symbol 'HNTRF'. This uplisting requires meeting strict financial and regulatory requirements, including annual verification and compliance with U.S. securities laws.
2. Gold Hunter has received DTC eligibility, enabling U.S. investors to electronically trade, settle, and transfer shares. This development aims to increase liquidity, reduce transaction costs, and streamline stock transfers.
The uplisting aligns with upcoming OTC Market structure changes, including the introduction of the OTCID™ Basic Market, effective July 1, 2025.
Gold Hunter Resources (CSE: HUNT, OTC: HNTRF) has successfully closed its non-brokered private placement, raising $1,706,199.92 - over 40% more than the initially planned $1.2 million. The oversubscribed financing resulted in the issuance of 28,436,665 Units at $0.06 per Unit.
Each Unit includes one common share and half of a transferable purchase warrant, with each full warrant allowing the purchase of an additional share at $0.12 within 24 months. Notable investor Eric Sprott participated through 2176423 Ontario , subscribing for 3,333,333 Units, increasing his holdings to 7.26% (partially diluted) and 9.88% (fully diluted). Company directors subscribed for 600,000 Units.
The Company paid $25,695.00 in finder's fees and issued 428,250 non-transferable finder's warrants. The proceeds will be used for general operational expenses and ongoing business activities.
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